DBRS Discontinues the Ratings on Arena 2007-I B.V.

DBRS Ratings Limited (DBRS) has today discontinued the ratings of the following mortgage-backed notes issued by Arena 2007-I B.V. because of repayment of the notes on 17 October 2014:
-- Mortgage-Backed Notes, Class A; previously rated AAA (sf), now Discontinued - Repaid
-- Mortgage-Backed Notes, Class A-NHG; previously rated AAA (sf), now Discontinued - Repaid
-- Mortgage-Backed Notes, Class B; previously rated AA (sf), now Discontinued - Repaid
-- Mortgage-Backed Notes, Class C; previously rated A (high) (sf), now Discontinued - Repaid
-- Mortgage-Backed Notes, Class D; previously rated BBB (sf), now Discontinued - Repaid
-- Mortgage-Backed Notes, Class E; previously rated BBB (low) (sf), now Discontinued - Repaid

Notes:
All figures are in euros unless otherwise noted.

The principal methodology applicable is the Master European Structured Finance Surveillance Methodology.

This can be found on www.dbrs.com at:
http://www.dbrs.com/about/methodologies

The sources of information used for these ratings include quarterly information report provided by Intertrust Administrative Services B.V. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

DBRS does not audit the information it receives in connection with the rating process, and it does not and cannot independently verify that information in every instance.

The last rating action on this transaction took place on 14 February 2014, when DBRS confirmed the ratings of the Class A, Class A-NHG, Class B, Class C, Class D and Class E at AAA (sf), AAA (sf), AA (sf), A (high) (sf), BBB (sf) and BBB (low) (sf), respectively.

Information regarding DBRS ratings, including definitions, policies and methodologies are available on www.dbrs.com.

For further information on DBRS historic default rates published by the European Securities and Markets Administration (ESMA) in a central repository, see:
http://cerep.esma.europa.eu/cerep-web/statistics/defaults.xhtml.

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Initial Lead Analyst: Matt Barlow
Initial Rating Date: 4 December 2007
Initial Rating Committee Chair: Claire Mezzanotte

Lead Surveillance Analyst: Elisa Scalco
Rating Committee Chair: Diana Turner

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